PayPal Officially Welcomes Xoom to PayPal Family

Posted on by Staff Writer | 3727 Views | 6 min read

Paypal announced their agreement to acquire Xoom earlier this year, one of the most innovative providers in the international remittances space. Today, they are thrilled to announce that the acquisition is complete and Xoom is officially part of the PayPal family! PayPal is reimagining financial services, making it simpler, safer and less expensive for people to spend,

PayPal to Acquire Xoom

Posted on by Staff Writer | 7234 Views | 13 min read

PayPal, Inc. and Xoom Corporation, a digital money transfer provider, announced a definitive agreement under which PayPal will acquire Xoom for $25 per share in cash or an approximate $890 million enterprise value. The transaction represents a premium of 32% over Xoom’s three-month volume-weighted average price and was unanimously approved by the Boards of Directors